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Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.

Volvo partnership to improve cyclist safety

Volvo has teamed up with an extreme sports company in a bid to improve safety between cars and cyclists. The manufacturer has signed an agreement with Swedish firm POC – a company that develops high-tech protective sports gear. On Bing: see pictures of the Volvo XC Concept Coupé Find out how much a used Volvo costs on Auto Trader Research between the new partnership will initially concentrate on communication between cars and cyclists.

VW CC facelift (2011) first pictures

Volkswagen today slid the covers off the new Passat CC – except this time it's being renamed simply the VW CC. There's the same space for four (or five as an option) adults and four doors, wrapped in a gently reheated coupe-meets-saloon bodystyle. Think of it as the poor man's Mercedes CLS, if you will.